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- W2110291250 abstract "The extension of Markov reward models to dynamic models with nonnegative matrices is motivated by practical applications, such as economic input–output, employment, or population models. This paper studies the generalization of error bound theorems for Markov reward structures to dynamic reward structures with arbitrary nonnegative matrices. Both irreducible and reducible matrices are covered. In addition, results for the stochastic case are unified and extended. First, generalized expressions are derived for average reward functions. The special normalization case is distinguished and is shown to be transformable into the stochastic case. Its interpretation is of interest in itself. Next, error bound results are studied. Under a general normalization condition, it is shown that the results for the stochastic case can be extended. Both the average case and the transient case are included. A random walk-type example is included to illustrate the results." @default.
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- W2110291250 date "1999-05-01" @default.
- W2110291250 modified "2023-09-23" @default.
- W2110291250 title "Error Bounds for Nonnegative Dynamic Models" @default.
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- W2110291250 doi "https://doi.org/10.1023/a:1021749829267" @default.
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